15:19-1 - Definitions - New Jersey Statutes

15:19-1.  Definitions    As used in this act:

    (a)  "code"  means the Internal Revenue Code of 1954 as amended;

     (b)  "private foundation trust"  means a charitable trust administered by a  corporation as herein defined, and which is a private foundation described in  section 509(a) of the code, including each nonexempt charitable trust described  in section 4947(a)(1) of the code which is treated as a private foundation;

    (c)  "corporation"  means a corporation organized under Title 15 of the Revised Statutes or under any other law of this State applicable to corporations not for profit, to function as a private foundation trust.

     L.1971, c. 337, s. 1, eff. Dec. 13, 1971.